Rybak Development
227 Sea Breeze Avenue, Suite C-403. Brooklyn, NY 11224
1817 Emmons Avenue, 2nd Floor Brooklyn, NY 11235
People:
Rybak Development NYC portfolio
$448.3 million -development 26%, condo 23%, retail 16%; Manhattan 42%, Brooklyn 36%, Queens 21%*
568th largest portfolio by dollar value
308,544 sqft – condo 61%, elevator 12%, development 11%; Brooklyn 63%, Manhattan 25%, Queens 11%
1237th largest by SF
14 properties – Manhattan 47%, Brooklyn 47%, Queens 5%
811th largest
366 residential units – Brooklyn 49%, Queens 26%, Manhattan 24%
816th largest by residential units
0 foreclosures, 0 bankruptcies, 175 other court cases.
Company Activity past 24 months:
Buyer company: 3 for $17.3 million
Seller company: 1 for $3.6 million
Borrower company: 5 for $160.6 million
Developer (new building or major alteration): 2 for 901,379 square feet
Top Ten Associated Companies:
Valley National Bank (10), Maxim Capital Group (3), Rybak Development (1), Derby Copeland Capital (1), Bank Hapoalim (1), Eli Fouerti (1), Ezra Shabot (1), Emerald Creek Capital (1), Bank Leumi (1), MF1 Capital (1)
Top Ten Associated People:
Declan P. Meagher (2), Irina Saks (1), Steve Spanolios (1), Eric Sadkin (1), Eli Fouerti (1), Ezra Shabot (1), Mark Penna (1), Victor Brown Jr. (1), Victor Brown (1), Christian Daglieri (1)
Recent activity as company:
• Rybak Development for Sergey Rybak filed plans for new building for 856,969 sqft in Coney Island, Brooklyn, on July 21, 2026.
• Rybak Development borrowed $48.1 million from Derby Copeland Capital for 133 East 55 Street on May 22, 2026.
• BK Developers and Semyon Vays sold None for $4 million to Rybak Development on March 13, 2026.
• Rybak Development borrowed $28.1 million from Valley National Bank for 722 59th Street, Sunset Park, Brooklyn on September 04, 2025.
• Catholic Near East Welfare Association sold 250 East 62 Street for $9.7 million to Rybak Development on September 03, 2025.
• Rybak Development borrowed $5.8 million from Bank Hapoalim for 250 East 62 Street on September 03, 2025.
• Rybak Development borrowed $26.5 million from Maxim Capital Group for 500 East 81 Street on May 22, 2025.
• Rybak Development sold 101 East 2nd Street, East Village, Manhattan for $3.6 million to Rybak Development on August 29, 2024.
• Rybak Development borrowed $52 million from Emerald Creek Capital for 133 East 55 Street on August 07, 2024.
• Rybak Development sold 1414 West 4th Street, Bensonhurst, Brooklyn for $4.3 million to Ezra Shabot on June 25, 2024.
Latest Stories:
• Rybak Development pays $4M for dev site in Boerum Hill (March 20, 2026)
• Rybak Development pays $9.7M to Catholic nonprofit for dev site in Lenox Hill (September 12, 2025)
• Rybak signs $26.5M construction loan with Maxim for 9-unit project in Yorkville (June 10, 2025)
• Rybak Dev in contract to pay $9.7M for nearly 41K sf Lenox Hill dev site (March 19, 2025)
• Ezra Shabot pays $4.3M to Rybak Development for commercial condo in Bensonhurst (July 09, 2024)
• Rybak Development files DOB plans for 26-unit building in Grand Central (June 21, 2024)
• Namdar, Klosed, partners, sign $147.1M refi for 20 properties in NYC (June 06, 2024)
Court Records:
Properties: